Vermilion Energy Inc. T.VET

Alternate Symbol(s): VET

Energy Oil & Gas E&P

Vermilion Energy Inc. is a Canada-based international energy producer. The Company seeks to create value through the acquisition, exploration, development, and optimization of producing assets in North America, Europe, and Australia. Its business model emphasizes free cash flow generation and returning capital to investors when economically warranted, augmented by value-adding acquisitions. The Company’s operations are focused on the exploitation of light oil and liquids-rich natural gas conventional and unconventional resource plays in North America and the exploration and development of conventional natural gas and oil opportunities in Europe and Australia. The Company operates through seven geographical segments: Canada, the United States, France, Netherlands, Germany, Ireland, and Australia. In Canada, the Company is a key player in the highly productive Mannville condensate-rich gas play. It holds a 100% working interest in the Wandoo field, offshore Australia.

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Vermilion Energy Inc. > Total Debt at 1.75bil

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Comment by Oldnaggeron Aug 16, 2021 3:19pm

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Post# 33711311

RE:Total Debt at 1.75bil

Thanks for pointing that out. That is the debt that VET pays interest on. The rest is simply the provisions that arise due to mark to market accounting rules concerning their hedge book at the end of Q2 !! The provisions would be realized if VET were forced to buy back all their hedge positions on June 30.In reality they will not as all these hedges are more than covered by physical production so the losses will most likely be more than offset by the phyiscal production !!